Playtech Eyes Openbet And Inspired Acquisition Opportunities?

Cash-rich after failure to close AvaTrade and Plus500 deals

According to UBS analyst, Tal Grant, Playtech may be considering acquisition bids on OpenBet and Inspired in line with a focus on strengthening its sports business.
The report in the UK Evening Standard puts a GBP 500 million price tag on both companies, which are reportedly up for sale.
"While a £500 million price tag is hardly 'bolt-on', we note that, with the Plus500 deal now out of the picture, Playtech has excess cash (around £500 million) on the balance sheet," Grant said.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,462


The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

See More Posts